Highlights: Rail budget 2014

Tags: News
* Indian railways to become the largest freight carrier in the world: Railway minister Sadananda Gowda.

* Social obligation of Railways in 2013-14 was Rs 20,000 crore: Railway minister Sadananda Gowda.

* Gross traffic receipts in 2013-14 was Rs 1.3 lakh crore, operating ratio was 94 per cent, says Gowda presenting Rail Budget.

* Focus in past has been on sanctioning projects rather than completing them: Railway Minister.

* Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years: Railway Minister.

* Populist projects and mismanagement have brought railways to point of funds crunch: Gowda.

* This state of affairs in railways needs immediate course correction: Gowda.

* Need to explore alternative sources of resource mobilisation and not depend on fare hike alone: Rail Minister.

* FDI in railway projects, except in operations, to be attracted: Gowda.

* Future projects to be financed on public-private partnership model: Gowda.

* Plans to attract investment from domestic and foreignplayers in infrastructure; focus to be on aggressive indigenisation: Gowda.

* Plans to attract investment from domestic and foreignplayers in infrastructure; focus to be on aggressive indigenisation: Gowda.

* There was decline in traffic growth and deterioration in operating ratio in 2013-14.

* Expenditure in 2014-15 pegged at Rs 149,176 crore: Railway Minister.

* Surplus revenues declining, hardly any resources for development works. Rs five lakh crore required for ongoing projects only: Gowda.

EDITORIAL OF THE DAY

  • The Muslim Personal Law Application Act needs an overhaul

    Triple talaq or khola as means to divorce or dissolve one’s marriage in the Muslim community is unacceptable, as the Allahabad High Court judgment s

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> THE GREAT GAMBLE

Finance it is said is merely a gun, politics is ...

Ananda Majumdar

<b>Ruminations:</b> BJP looks beyond muscular strategy

Gradually a new strategy for political management has been established ...

BK Chaturvedi

Committed, yet miles to go

Swachh Bharat is a mission to which everyone is committed. ...